MBL Variable Contract Account-2
Supplement Dated May 1, 1998
To Prospectus Dated May 1, 1998
This supplement should be read in conjunction with the MBL
Variable Contract Account-2 (the "Account") prospectus, a copy of
which can be obtained without charge from Pension and Investment
Products, MBL Life Assurance Corporation, 520 Broad Street, Newark,
New Jersey 07102, ATTN: MBL VARIABLE CONTRACT ACCOUNT-2, or by
telephoning 1-800-435-3191.
The Board of Directors of MBL Life Assurance Corporation ("MBL
Life"), the depositor of the Account, and the 51% owner of Markston
Investment Management ("Markston"), the investment adviser to MBL
Growth Fund (the "Fund"), in which the Account invests, has publicly
announced the intention to explore opportunities for the sale of MBL
Life. While no acquirer of MBL Life has been finalized at this
stage, a sale transaction, depending on the structure of the
transaction and the future plans of the acquirer, may result in a
change of control of Markston. If there is a change of control of
Markston, contract holders of the Account would receive a proxy
statement describing the proposed new agreement and related matters
and would be asked to approve such changes. In any event, this
prospectus will be supplemented as necessary to reflect any related
developments that may affect the contract holders of the Account.
